Jacoby Stefan 4

What Happened

• Jacoby Stefan, a director of OPENLANE, Inc. (OPLN), was issued 6,031 shares on June 5, 2026 as director fees under the company’s Second Amended and Restated 2009 Omnibus Stock and Incentive Plan. The shares were valued at $36.48 each, for a total grant value of $220,011. This transaction is reported as an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: June 5, 2026 — 6,031 shares at $36.48/share (total $220,011).
• Vesting: The 6,031 shares vest on June 5, 2027 and are subject to forfeiture until vested.
• Plan/source: Issued as director fees under the OPENLANE, Inc. 2009 Omnibus Stock and Incentive Plan.
• Other holdings: Filing notes “All other shares are vested.” Shares owned after the transaction are not specified in the provided excerpt.
• Filing timeliness: Form 4 filed June 8, 2026 — within the normal SEC reporting window (timely).

Context

• This was a compensation award (director fees) rather than a market purchase or sale. Awarded shares are restricted until the stated vesting date, so they do not represent an immediate sell signal. Such grants are a routine part of director compensation and should be viewed as compensation-related insider acquisition rather than an outright bullish purchase.